The financial services industry encompasses a broad range of businesses, from banks that provide deposit and lending options to companies that specialize in debt management or investment portfolios. The industry is a critical part of NYC, the nation and the world economy, as well as our personal lives.
In recent years, technology has opened the door to new opportunities in financial services for both consumers and professionals. Banks now offer online banking and mortgages, while investment brokerage companies have expanded the options available to investors to include mutual funds and real estate investments.
As a career option, a job in financial services is exciting and rewarding. With the right qualifications, you can work with large amounts of money and build a career that gives back to your community and makes a difference in people’s lives.
A career in financial services also provides a lot of opportunities for advancement. It’s not uncommon for businesses in this sector to invest heavily in training and mentorship, which can lead to early promotion based on merit. Plus, with new tools being introduced to the field seemingly every day, it is easier for employees to learn on the fly.
Depending on your specific role and responsibilities, you may be involved in activities like deposit-taking; loaning of all types; foreign exchange services; credit intermediation; payment and funds transfer systems; securities trading, clearing and settlement; asset management (including pension fund management); financial leasing; insurance and reinsurance.